An international court ruled on Friday that Germany cannot be held liable for paying reparations to the descendents of victims of a massacre perpetrated during World War II in Italy. The verdict has implications far beyond Nazi-era war crimes, and was welcomed by countries far and wide.
some solid reading material, and the comments section is gold...
Originally Posted by Another tiny detail from Switzerland by Golem XIV on FEBRUARY 2, 2012
Back in June of last year (2011) I wrote about how there was such a demand for safe deposit boxes in Switzerland that,
…if you want a bank box in Zurich today, they will require that you have a minum of half a million swiss francs on deposit in the bank, before they will even consider you. That is how short of space they are.
The same person,who told me that contacted me today to tell me that the demand for Safe deposit boxes has grown so hugely that in the area bordering Italy, hotels are now renting out their own safety deposit boxes.
First the Greeks now the Italians. Capital Flight in full effect. But don’t worry I am sure Mr Monti has it all under control.
Originally Posted by Forbes 2/06/2012 : How Economists Contributed to the Financial Crisis
In December 2005, drawing heavily on his 1995 theoretical paper and convinced that a financial crisis was fast approaching, Keen went high-profile public with his analysis and predictions. He registered the webpage www.debtdeflation.com dedicated to analyzing the “global debt bubble”, which soon attracted a large international audience. At the same time he began appearing on Australian radio and television with his message of approaching financial collapse and how to avoid it. In November 2006 he began publishing his monthly DebtWatch Reports (33 in total). These were substantial papers (upwards of 20 pages on average) that applied his previously developed analytical framework to large amounts of empirical data. Initially these papers analyzed the Global Financial Collapse that he was predicting and then its realization.
for the sake of europe i hope greek union leaders will start raising hell in hellas.
yeah, disappointing... and really unexpected to be honest... taming the med countries should not be so easy... looks like it is gonna have to be italy, spain or portugal to say 'no, f** off' and force the the original creditors hand because sure as shit ireland will bend over for the any more bailouts - in fact, i predict that ireland will even go a step further and lube up the rectal cavity for the emu...
according to most polls, greeks overwhelmingly favour an official bankruptcy declaration. who are we to question their opinion? let them go bust. obviously it's gonna have ramifications but long-term nothing else is gonna work properly.
they choose argentina instead of latvia, why tell them off? let democracy do its magic.
Nole fan: "...most Fedtards seem to be very rabid and rude." (I agree 100%)
You can bet Djokovic's mom just screamed "Another king is dead" right about now - in the remotest corner - of her bathroom - followed by "The other one is buried." (from tennisplanet.me, following Madrid 2011 Djokovic d. Nadal 7-5 6-4)